Bombay HC Quashes Income Tax Reassessment Notices Issued by JAO

Everest Kanto Cylinder Ltd. Vs Deputy/Assistant Commissioner of Income-tax (Bombay High Court) The Bombay High Court has set aside reassessment notices issued by the Jurisdictional Assessing Officer (JAO) to Everest Kanto Cylinder Ltd. for the Assessment Year (AY) 2017-18. The court’s decision, delivered today, reaffirms that under the Faceless Assessment Scheme, the JAO is divested of the authority to issue such notices. The petitioner, Everest Kanto Cylinder Ltd., challenged a notice dated March 28, 2024, issued under Section 148A(b) of the Income-tax Act, 1961, an order dated April 24, 20...